AUD/USD is trading at 0.6935 (+0.10%) as of July 09, 2026, during the European session, with a daily range of 0.6929 – 0.6948. The pair's current level is below both the 20-day and 50-day simple moving averages, at 0.6963 and 0.7081 respectively, indicating an ongoing downtrend. The Relative Strength Index (RSI) stands at 37.3, still within neutral territory, suggesting that the downtrend may not be oversold yet. The Average True Range (ATR) is 0.0047, indicating moderate daily volatility.

The pivot point for the day is 0.6926, with the first resistance level (R1) at 0.6944 and the first support level (S1) at 0.6904. The current rate is above the pivot and has tested R1, suggesting some buying interest. However, failing to break above R1 may indicate a continuation of the downtrend.

The market may be underpricing the potential for further downside given the pair's position below both the SMA-20 and SMA-50. A break below S1 at 0.6904 could confirm the continuation of the downtrend, potentially targeting the lower end of the 52-week range at 0.6683. The next catalyst for AUD/USD will be the release of the US Non-Farm Payroll data, which could significantly impact the USD and, consequently, the AUD/USD rate.